Mason Resources (CVE:LLG) Trading Up 38.5% – Here’s What Happened

Mason Resources Inc. (CVE:LLG)’s share price rose 38.5% on Friday . The company traded as high as C$0.11 and last traded at C$0.09. Approximately 961,197 shares were traded during mid-day trading, an increase of 538% from the average daily volume of 150,695 shares. The stock had previously closed at C$0.07.

Mason Resources Price Performance

The stock has a market cap of C$12.01 million, a price-to-earnings ratio of -8.50 and a beta of 1.77. The stock has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.07. The company has a quick ratio of 47.86, a current ratio of 96.78 and a debt-to-equity ratio of 4.33.

Mason Resources (CVE:LLG) last announced its quarterly earnings data on Monday, October 28th. The mining company reported C($0.01) EPS for the quarter. On average, equities research analysts anticipate that Mason Resources Inc. will post 0.11 earnings per share for the current year.

Mason Resources Company Profile

Mason Resources Inc, a mining and processing company, engages in the extraction, processing, and development of graphite deposits in Canada. The company primarily owns a 100% interest in the Lac Guéret graphite property located in Quebec, Canada. It also focuses on the production and commercialization of patented graphene products for various industrial sectors, including concrete, polymers, Li-ion batteries, and others; and development of value-added graphite products.